RNS Number : 1971U
Trakm8 Holdings PLC
27 July 2020
For immediate release
27 July 2020
Trakm8 Holdings plc
('Trakm8' or the 'Company')
Award of options
Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight provider, announces that the Company granted on 24 July 2020 a total of 1,100,000 ("Options") over ordinary shares of 1 pence each ("Ordinary Shares") to certain directors and employees of the Company under its existing share option plan. This is a routine grant to new and existing employees as part of the Company's compensation policy. The Options granted to the Directors have an exercise price of 32.5p per Ordinary Share, vest on 24 July 2023 and may only be exercised if the mid-market share price is 50 pence of more at the time of exercise. The Options granted to other employees have an exercise price of 20.0p (being the mid-market closing price of an Ordinary Share on 24 July 2020) and vest on 24 July 2023.
The Company's share option plan allows for the issue of up to 12% of the issued share capital by way of options and following this grant a total of 8.2% of the Company's issued share capital will have been granted as options.
The Options awarded to certain directors of the Company are:
Director
Position
Number of Options granted
Total number of Options held
John Watkins
Executive Chairman
100,000
775,000
Jon Furber
Group Finance Director
100,000
700,000
Mark Watkins
Chief Operating Officer
100,000
675,000
Peter Mansfield
Group Sales and Marketing Director
400,000
400,000
Nadeem Raza
Non-Executive Director
25,000
25,000
Penny Searles
Non-Executive Director
25,000
25,000
- Ends -
For further information:
Trakm8 Holdings plc
John Watkins, Executive Chairman
Tel: +44 (0) 1675 434 200
Jon Furber, Finance Director
www.trakm8.com
Arden Partners plc (Nominated Adviser & Broker)
Tel: +44 (0) 20 7614 5900
Paul Shackleton
www.arden-partners.com
Notes to Editors
Trakm8 is a UK based technology leader in fleet management, insurance telematics, connected car, and optimisation. Through IP owned technology, the Group analyses data collected by its installed base of telematics units to fine tune the algorithms that are used to produce its' solutions; these monitor driver behaviour, identify crash events and monitor vehicle health to provide actionable insights to continuously improve the security and operational efficiency of both company fleets and private drivers.
The Group's product portfolio includes the latest data analytics and reporting portal (Trakm8 Insight), integrated telematics/cameras/optimisation, self-installed telematics units and one of the widest ranges of installed telematics devices. Trakm8 has over 245,000 connections.
Headquartered in Coleshill near Birmingham alongside its manufacturing facility, the Group supplies to the Fleet, Optimisation, Insurance and Automotive sectors to many well-known customers in the UK and internationally including the AA, Saint Gobain, EON, Iceland Foods, Scottish Power, Direct Line Group, LexisNexis and Ingenie.
Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.
www.trakm8.com / @Trakm8
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
1. John Watkins Executive Chairman 2. Jon Furber Group Finance Director 3. Mark Watkins Chief Operating Officer 4. Peter Mansfield Group Sales and Marketing Director 5. Nadeem Raza Non-Executive Director 6. Penny Searles Non-Executive Director
2
Reason for the notification
a)
Position/status
All Directors of the Company
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Trakm8 Holdings plc
b)
LEI
213800I7RQRIKCSHY846
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument Identification code
Ordinary shares of 1p each in Trakm8 Holdings plc Identification code (ISIN) for Trakm8 Holdings plc ordinary shares: GB00B0P1RP10
b)
Nature of the transaction
Issue of Options over Ordinary Shares
c)
Price(s) and volume(s)
1. John Watkins: 100,000 options to acquire Ordinary Shares at an exercise price of 32.50p per share. 2. Jon Furber: 100,000 options to acquire Ordinary Shares at an exercise price of 32.50p per share. 3. Mark Watkins: 100,000 options to acquire Ordinary Shares at an exercise price of 32.50p per share. 4. Peter Mansfield: 400,000 options to acquire Ordinary Shares at an exercise price of 32.50p per share. 5. Nadeem Raza: 25,000 options to acquire Ordinary Shares at an exercise price of 32.50p per share. 6. Penny Searles: 25,000 options to acquire Ordinary Shares at an exercise price of 32.50p per share.
d)
Aggregated information - Aggregated volume - Price
N/A, see 4 (c) above
e)
Date of the transaction
24 July 2020
f)
Place of the transaction
Outside a trading venue
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